Common use of Payment for Basic Services Clause in Contracts

Payment for Basic Services. The DISTRICT will make progress payments to ARCHITECT monthly upon receipt of ARCHITECT'S statement on account of compensation for Basic Services. The amount of the progress payment shall be the fraction of estimated compensation for Basic Services for the particular phase, which fraction has the services performed that month as the numerator and the total services required within the particular phase as the denominator less any backcharges, set offs and/or withholds. The payments shall be such that the total of all progress payments made shall not exceed the following percentages (cumulative, by phases) of the total compensation to be paid to ARCHITECT at various phases for Basic Services: To Be Paid Paid To Date Programming/Planning Phase completed 7% 7% Schematic Design Phase completed 10% 17% Design Development Phase completed 15% 32% Construction Documents Phase completed 35% 67% Bidding Phase completed 5% 72% Construction Phase completed 23% 95% Post Completion Evaluation Phase 5% 100% 7.2.1 Not Used 7.

Payment for Basic Services. The DISTRICT will make progress payments to ARCHITECT monthly upon receipt of ARCHITECT'S statement on account of compensation for Basic Services. The amount of the progress payment shall be the fraction of estimated compensation for Basic Services for the particular phase, which fraction has the services performed that month as the numerator and the total services required within the particular phase as the denominator less any backcharges, set offs and/or withholds. The payments shall be such that the total of all progress payments made shall not exceed the following percentages (cumulative, by phases) of the total compensation to be paid to ARCHITECT at various phases for Basic Services: To Be Paid Paid To Date Programming/Planning Phase completed 7% 7% Schematic Design Phase completed 10% 17% Design Development Phase completed 15% 32% Construction Documents Phase completed 35% 67% Bidding Phase completed 5% 72% Construction Phase completed 23% 95% Post Completion Evaluation Phase 5% 100% 7.2.1 Not Used 7.